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30-year May-55 OAT: Priced

EGB SYNDICATION
  • Reoffer: 96.759 to yield 3.420%
  • Spread set previously at 3.00% Mar-54 OAT (MID) +3bps (guidance was +6bps area)
  • HR: 103% versus 3.00% Mar-54 OAT at 92.69 / 3.390%
  • Size: E8bln (MNI expected at least E5bln, noting upside risks)
  • Book closed in excess of E75bln (inc E4.3bln JLM interest)
  • Maturity: 25 May 2055
  • Settlement: 05 March 2024 (T+5)
  • Coupon: 3.25%, annual ACT/ACT, payable each 25 May. Full first coupon on 25 May 2024
  • ISIN: FR001400OHF4
  • Bookrunners: BNPP (DM/B&D) / CITI / DB / HSBC / SG
  • Timing: TOE 14:27GMT / 15:27CET
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